EARN insider buy: 3,000 shares added; ownership now 25,000

Rhea-AI Filing Summary

Gregory Borenstein, an officer and Portfolio Manager at Ellington Credit Co (EARN), reported a purchase of 3,000 common shares on 10/01/2025 at a price of $5.29 per share. After the transaction he beneficially owns 25,000 shares. The Form 4 was signed by an attorney-in-fact on 10/02/2025. No derivative transactions were reported.

Positive

• Officer purchase of 3,000 shares at $5.29 shows insider buying activity
• Beneficial ownership increased to 25,000 shares, demonstrating a larger personal stake

Negative

• None.

Insights

Insider Trading Analyst

Officer purchase of 3,000 shares at $5.29.

This Form 4 records a straightforward open-market purchase by an officer, increasing his reported stake to 25,000 shares. The transaction code P indicates a purchase.

The filing contains no derivative activity and was executed by an attorney-in-fact, with the signature dated 10/02/2025.

Insider Trade Summary

Net Buyer: 3,000 shares ($15,870)

Net Buy 1 txn

Insider Borenstein Gregory Morris

Role Portfolio Manager

Bought 3,000 shs ($16K)

Type	Security	Shares	Price	Value
Purchase	Common shares of beneficial interest	3,000	$5.29	$16K

Holdings After Transaction: Common shares of beneficial interest — 25,000 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Borenstein Gregory Morris

(Last) (First) (Middle)

53 FOREST AVENUE

SUITE 301

(Street)

OLD GREENWICH CT 06870

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ellington Credit Co [ EARN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Portfolio Manager

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common shares of beneficial interest	10/01/2025		P		3,000	A	$5.29	25,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Alaael-Deen Shilleh, as attorney-in-fact for Gregory Borenstein	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Gregory Borenstein report on Form 4 for EARN?

He reported purchasing 3,000 common shares on 10/01/2025 at $5.29 per share.

What is Gregory Borenstein's ownership after the reported trade?

Following the purchase he beneficially owns 25,000 shares.

What role does the reporting person hold at Ellington Credit Co (EARN)?

The form lists him as an officer with the title Portfolio Manager.

Were any derivative securities reported in this Form 4?

No, Table II shows no derivative securities were acquired or disposed of.

When was the Form 4 signed and by whom?

The form was signed by Alaael-Deen Shilleh as attorney-in-fact for Gregory Borenstein on 10/02/2025.